The work-from-home and online-shopping trends are expected to permanently reshape demand for office and retail space, says Hessam Nadji, CEO of the Calabasas, California-based commercial real estate financing and advisory company.
Interior designer Regan Billingsley still spends some time in her Washington, D.C., studio, but for much of the past year, she has been doing a fair amount of work from home.
A 125-year-old landmark firehouse on East Washington Street that previously housed a photography business and a reception center for Angie’s List has been donated to the Indianapolis Metropolitan Police Department.
Ford’s announcement sent one of the clearest signals to date that the pandemic has hastened a cultural shift in Americans’ work lives by erasing any stigma around remote work and encouraging the adoption of technology that enables it.
A Salesforce decision to permit employees to work remotely even once the pandemic subsides could have long-lasting effects on the downtown office market.
Westfield-based Patch Development is planning to turn 75 acres of farmland along State Road 37, north of 146th Street, into a new business park. City officials will consider a $6.7 million bond to support the project, in the hopes that it brings more than 500 jobs to the city.
Investors have poured money into industrial properties in 2020, spending more on U.S. warehouses than office buildings for the first time as social-distancing pushes even more consumers to e-commerce.
More than half of U.S. employees currently working from home say they’d like to keep their remote arrangements beyond the pandemic, according to a Pew Research Center survey released Wednesday.
A planned two-building office headquarters in Broad Ripple for staffing company Eight Eleven Group is another step closer to approval.
The poll, conducted for Cisco Systems by Dimensional Research, concluded that working from home is the “new normal.”
As much as people have reveled in their at-home informality, they also speak of a desire for normalcy, a condition marked by a return to the office – with all its bells and whistles. They want to wear the clothes that have gathered dust in their closet. They want to wear all those clothes that still have price tags on them because the restaurants closed, the theaters went dark and the parties were all canceled before they could be debuted. They want leggings, but a dressier version.
Online, sales of desks and accessories, such as desk chairs and lamps, were up 283% in August from the year before, according to Rakuten Intelligence, which tracks shopper behavior.
Tools like Zoom, WebEx and Google Drive have enabled businesses to stay afloat during the pandemic, but for many, remote work really isn’t sustainable. Unproductive virtual meetings, the desire for interaction and the immense benefits of a traditional office are steadfast.
Around the United States, office workers sent home when the pandemic took hold in March are returning to the world of adjustments, but offices in many cities still remain mostly vacant.
The innovation hub, expected to open early next year, is part of a $500 million, 50-acre campus along Indiana Avenue. The hub’s new name is a nod to the site’s history as the former Citizens Water headquarters.
The owner of the 213,600-square-foot office building had hoped to sign a single user for the high-profile property, but its strategy has become more flexible in the year and a half it has remained empty.
IBJ reporters Samm Quinn and Anthony Schoettle spent a week talking with the leaders of downtown companies and learned that many are delaying plans to bring workers back to the office.
High Alpha began moving out of its Circle Tower headquarters, 55 Monument Circle, last week after more than five years in the historic downtown building.
Office tenants are considering renting less space as more employees work from home, and the trend toward online shopping is accelerating, which could cut already weak demand for retail space in downtown areas and malls.
The $20 million project a block west of the Monon Trail would include an interior parking garage and a 2,600-square-foot rooftop deck.
